Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The weekly Davis Index for Turkish DKP scrap (equivalent to bonus grade) increased by TRY40/mt ($5/mt) to TRY2,280/mt delivered on Monday and climbed by TRY8/mt ($1/mt) to TRY2,130/mt delivered for extra grade scrap (equivalent to HMS 1&2 [85:15]).


A few Turkish mills decided to raise their purchase prices for local material, considering their needs and currency fluctuations, while others kept them unchanged.


Colakoglu Metalurji lifted its purchase price for DKP grade by TRY50/mt to TRY2,310/mt delivered on Oct 3 but continued buying extra grade at TRY2,115/mt delivered, the same as last week.


Diler Demir’s purchasing prices were unchanged at TRY2,205/mt delivered for DKP grade and at TRY2,105/mt delivered for extra grade. The steelmaker has held its buying prices at these levels since Sep 9.


Erdemir is still paying TRY2,310/mt delivered for DKP grade and TRY2,305/mt delivered for extra grade, while Isdemir lifted its purchase prices by TRY100/mt to TRY2,120/mt delivered for DKP grade and to TRY2,115/mt delivered for extra grade.


Kardemir has been buying DKP grade at TRY2,345/mt delivered and extra grade at TRY2,185/mt delivered since Sep 8 and has held on to these purchasing prices for now.


Purchase prices for shipbreaking scrap in Izmir moved to $280-285/mt delivered from $285/mt delivered a week ago.


($1 = TRY7.79)

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